GE Power India has completed acquisition of 50% of the issued and paid up share capital of NTPC GE Power Services (NGSL) on April 19, 2021. Earlier, the company’s board had approved the acquisition of 50% of the issued and paid-up share capital of NGSL for Rs 7.2 crore. The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
